U.S. Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee in the Rayburn House Office Building on June 11, 2025 in Washington, DC. Bessent testified on the priorities of the Treasury Department. Kevin Dietsch | Getty Images Treasury Secretary Scott Bessent signaled the Trump administration’s openness on Wednesday to extending President Donald … Read more
“China has already approved a certain number of compliant applications and will continue to strengthen the approval process for compliant applications,” it said in a statement. Despite Beijing’s offer of dialogue, experts say China is unlikely to completely remove the restrictions and is “flexing its muscles.” That was clear to members of the foreign business … Read more
U.S. Commerce Secretary Howard Lutnick said on Tuesday trade talks with China were going well as the two sides met for a second day in London, seeking a breakthrough on export controls that have threatened a fresh rupture between the superpowers. Having agreed to step back from a full-blown trade embargo at a first round … Read more
Iran said Monday that it will soon hand a counter-proposal for a nuclear deal to the United States in response to a U.S. offer that Tehran deems “unacceptable,” while U.S. President Donald Trump said talks would continue. Trump made clear that the two sides remained at odds over whether the country would be allowed to … Read more
He Lifeng, China’s vice premier, arrives for trade talks at Lancaster House in London on June 9, 2025. Chris Ratcliffe | Bloomberg | Getty Images Trade negotiators from the U.S. and China have met in London, and talks are expected to continue Tuesday, a source familiar with the situation told CNBC’s Megan Casella. It seems … Read more
U.S. Treasury Secretary Scott Bessent (center) at Lancaster House in London, U.K., on Monday, June 9, 2025. Chris Ratcliffe | Bloomberg | Getty Images Trade negotiators from the U.S. and China have met in London, and talks are expected to continue Tuesday, a source familiar with the situation told CNBC’s Megan Casella. At the top … Read more
TangMan Photography | Getty Images U.S. President Donald Trump’s top trade officials are meeting their Chinese counterparts in London on Monday for talks aimed at resolving an ongoing trade dispute between the world’s two largest economies. U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer are representing the U.S. China’s … Read more
HONG KONG — Senior U.S. and Chinese officials will meet in London on Monday in an effort to de-escalate the bitter trade dispute between the world’s two biggest economies that has roiled the global economy, with China’s restrictions on critical minerals high on the agenda. The U.K. is providing a venue for the discussions but … Read more
President Donald Trump and Chinese President Xi Jinping spoke Thursday and agreed that officials from the U.S. and China will meet soon for more talks to resolve an ongoing trade war. Trump said he had a “very good” call with Xi for about 90 minutes, which focused “almost entirely” on trade. The call “resulted in … Read more
BENTONVILLE, ARK. — As tariffs drive prices higher, Walmart unveiled its latest efforts to woo new and younger shoppers — including a fresh advertising campaign, a clothing brand designed for tweens and drone deliveries in more cities. The moves, which the retail giant’s leaders announced this week, illustrate how the discounter sees opportunities to grow … Read more